Calliden relaunches new online package
08 September 2008
Insurer Calliden has relaunched its software package offering a real-time transaction service on the Sunrise Exchange platform and given it a new name – Callibrate...
Corporate
Big claims drag Suncorp profit down
01 September 2008
Suncorp’s full-year net profit has slumped 48% due to a big spike in weather-related claims, but the bancassurer is taking heart from continued growth in its commercial lines businesses...
Austbrokers banks 14% profit increase
01 September 2008
Austbrokers has reported an increase in net profit of 14%, helped along by the contribution of major brokers Rivers and Strathearn...
AMP profit beats predictions
01 September 2008
AMP has exceeded analysts’ expectations despite recording a 22% decrease in first-half net profit of $366 million...
Suncorp announces management changes…
01 September 2008
Suncorp has made several changes to its senior management tier after Personal Insurance Group Executive Robert Belleville confirmed his intention to retire...
… with job cuts on the cards at Suncorp
01 September 2008
Insurance staff at Suncorp aren’t expected to be affected by the announcement to cut an unspecified number of jobs at the Brisbane-based bancassurer...
S&P affirms IAG ratings
01 September 2008
Standard & Poor’s has affirmed its ratings of A+ on IAG and AA- on its core operating companies including IAG New Zealand, based on management initiatives…
New insurance deal for Allianz
01 September 2008
Allianz Australia has announced its second affinity deal in two weeks by agreeing to distribute general insurance products to members of The Greater Building Society...
Contrasts in results for IAG and QBE
25 August 2008
Major insurer IAG has reported a record loss for the June financial year, while one-time suitor QBE has achieved an impressive result in a difficult market...
IAG takes the pain with $261 million loss
25 August 2008
IAG has revealed few surprises in reporting a full-year loss of $261 million, which includes nearly $400 million of restructuring and impairment charges...
QBE zooms in on international markets
25 August 2008
QBE has announced a profit dip of 7% for the first half of the year ending June 30, blaming substantially weaker equity markets and the strengthening of the Australian dollar...
Wesfarmers profits up but insurance suffers
25 August 2008
Wesfarmers’ insurance division has posted increased profits despite the struggles of its Lumley subsidiary...
Calliden banks $3.6 million net profit
25 August 2008
Calliden Group’s first-half results are back in black after the insurer reported net profit of $3.6 million, reversing a loss of $600,000 in the corresponding period last year...
New underwriting agency established
25 August 2008
Liability specialist Kevin Corkery will be the senior underwriter of NSW start-up underwriting agency Lawsons Underwriting Australasia...
Tax case puts asbestos fund in jeopardy
25 August 2008
A dispute between manufacturer James Hardie and the Australian Tax Office could affect the company’s contributions to a fund set up to compensate asbestos victims...
‘Pay as you drive’ policy launched
25 August 2008
Hollard Insurance subsidiary Real Insurance has launched a “pay as you drive” policy, under which qualified motorists pay only for the kilometres they plan to travel...
QBE spends $1 billion to buy mortgage insurer
18 August 2008
QBE Insurance is buying the Australian and NZ operations of underperforming US-based PMI Mortgage Insurance, and has agreed in principle to buy PMI’s Asian operations as well...
CommInsure new business soars 102%
18 August 2008
The Commonwealth Bank’s insurance arm CommInsure has recorded a 102% increase in new business among general insurance lines after installing 130 insurance specialists…
Wesfarmers’ outlook revised to stable
18 August 2008
Ratings agency Standard and Poor’s has revised the outlook of Wesfarmers’ insurance units from negative to stable...
Elders profits up 19%
18 August 2008
Rural service company and insurance provider Elders has achieved its best ever result with record profits for the last financial year...